How To Start & Grow Your Business

State Home New Hampshire

How to Start a Business in New Hampshire

If you’re looking to start a new business in the state of New Hampshire, look no further!

We have free software and how-to content to help you start and grow your business.

Sign up for free HERE

Let's Get Going

New Hampshire’s low taxes and high income levels motivate entrepreneurs to start new businesses. The U.S. Tax Foundation ranks New Hampshire’s business tax climate 8th nationally and first in New England, and New Hampshire frequently shows up on “top 10” lists for new businesses and business tax climates in the country. With no use tax, sales tax, estate tax, and low corporate income tax, we can see why. “The Granite State” enjoys four seasons, 92 state parks, and outdoors at every altitude — from sea level at Hampton Beach State Park, to Mount Washington State Park, which is the highest peak in the Northeast.

Bonus

Discover bizHUMM's popular ebook

How to Start a Business

Starting a business can be both exhilarating and challenging. It requires your full attention and energy. It all begins with an idea, an observation that there is a problem and the belief that you have a new solution – or a better one. Allow us to walk you through the steps in this free guide: How to Start A Business.

General resources for starting a business in New Hampshire

  • Physical Address
    State House Annex, Room 317 25 Capitol Street, 3rd Floor Concord, NH 03301

  • New Hampshire Tax Forms
    http://revenue.nh.gov/forms/

up

Fun facts about starting a business in New Hampshire

Famous business founded in New Hampshire Pete and Gerry’s Organics

Pete and Gerry’s Organics is a distributor of organic eggs founded and based in Monroe, New Hampshire. By 2013, the company had revenues of about $50 million.

Famous entrepreneur born in New Hampshire Ambrose Swasey

Ambrose Swasey (1846-1937) was a mechanical engineer, inventor, entrepreneur, manager, astronomer, and philanthropist born near Exeter, New Hampshire. With Worcester R. Warner, he co-founded the Warner & Swasey Company. The Warner & Swasey Company was a manufacturer of machine tools, instruments, and special machinery.

up

Which type of legal structure is best for my business in New Hampshire?

We strongly recommend you incorporate, but you must consider the tax, legal, and liability implications carefully before deciding on the best structure.

Here are 5 helpful steps to determine what is the best legal structure for your business:

Click one of the buttons below to learn more about the different types of business legal structures and how to start them in the state of New Hampshire.
LLC (Limited Liability Company)
An LLC is a hybrid business organization that combines the pass-through taxation of a sole proprietorship or partnership with the limited liability of a corporation. Each owner of an LLC has limited liability, like a stockholder of a corporation.

Steps to starting an LLC in New Hampshire:

  • Step 1 — Choose a name for your LLC.
  • Step 2 — File a Certificate of Formation.
  • Step 3 — Appoint a Registered Agent.
  • Step 4 — Prepare an Operating Agreement.
  • Step 5 — Comply with any publication requirements.
  • Step 6 — Comply with other tax and regulatory requirements.
  • Step 7 — File Annual Reports.
  • Step 8 — Register foreign LLCs doing business in New Hampshire.

For help forming your LLC in New Hampshire we recommend CorpNet (they have fees for their service).

Or, you can visit the New Hampshire Secretary of State website.

Other New Hampshire resources for LLCs:

Secretary of State Business Name Database: Search for the availability of your LLC name here.
File your “Application for Reservation of Name” here.
File your “Certificate of Formation” here.
File your “Annual Report” here.

Registered Agent Listing: Search here for registered agents. Every New Hampshire LLC must have an agent for service of process.

Business Licenses: A list of every profession and occupation that requires a license in New Hampshire.

IRS EIN Online: Apply for an Employer Identification Number (EIN) for your LLC here. If your LLC has more than one member, you must get an EIN, even if you have no employees.

New Hampshire Department of Revenue Administration: If you will be selling goods or will have employees, you’ll need to register here to fulfill business tax requirements.

Sole Proprietorship
A sole proprietorship is a one-person business that is very popular among individual self contractors or business owners. Even though there aren’t complicated start-up requirements for establishing a sole proprietorship, there may be local registration, business license, or permit laws you need to comply with to make your sole proprietorship legitimate. The owner of the sole proprietorship is entitled to all profits, and is responsible for all the business’s debts, losses, and liabilities.

Steps to starting Sole Proprietorship in New Hampshire:

  • Step 1 — Choose a business name.
  • Step 2 — File a trade name with the Secretary of State.
  • Step 3 — Obtain licenses, permits, and zoning clearance.
  • Step 4 — Obtain an Employer Identification Number (EIN).

For help forming your sole proprietorship in New Hampshire we recommend CorpNet (there are fees for their service).

Alternatively, you can visit the New Hampshire Secretary of State website.

Other New Hampshire resources for Sole Proprietorship:

Secretary of State Business Name Database: Search for the availability of your business name here. A sole proprietor may use his or her given name, or an assumed business name.

U.S. Patent & Trademark Office: Federal database for existing trademark registrations. Click on the “TESS” link to conduct a search.

Business Licenses: A list of every profession and occupation that requires a license by a sole proprietorship in New Hampshire.

IRS EIN Online: Apply for an Employer Identification Number (EIN) for your sole proprietorship here. If you hire employees, you will need an EIN.
New Hampshire Department of Revenue Administration: If you will be selling goods or will have employees, you’ll need to register here to fulfill business tax requirements.

Partnership
A partnership is a single business where two or more people share ownership. Each partner contributes to all aspects of the business, including money, property, labor, or skill. In return, each partner shares in the profits and losses of the business.

Steps to starting Partnership in New Hampshire:

  • Step 1 — Choose a business name.
  • Step 2 — File a trade name.
  • Step 3 — Create a partnership agreement.
  • Step 4 — Obtain licenses, permits, and zoning clearance.
  • Step 5 — Get an Employer Identification Number (EIN).

For help forming your partnership in New Hampshire we recommend CorpNet (they have fees for their service).

Or, you can visit the New Hampshire Secretary of State website.

Other New Hampshire resources for Partnership:

Secretary of State Business Name Database: Search for the availability of your business name here. A partnership may use the surnames of the individual partners, or a fictitious business name.

U.S. Patent & Trademark Office: Federal database for existing trademark registrations. Click on the “TESS” link to conduct a search.

IRS EIN Online: Apply for an Employer Identification Number (EIN) for your partnership here. Partnerships must have an EIN, whether you have employees or not.

Business Licenses: A list of every profession and occupation that requires a license by a partnership in New Hampshire.

New Hampshire Department of Revenue Administration: If you will be selling goods or will have employees, you’ll need to register here to fulfill business tax requirements.

S Corporation
With an S corporation (or S corp), income and losses are passed through to shareholders and included on their individual tax returns. As a result, there's just one level of federal tax to pay. The shareholders must report the income or loss on their own individual income tax returns. An eligible domestic corporation can avoid double taxation (once to the corporation and again to the shareholders) by electing to be treated as an S corporation.

Steps to starting S Corporation in New Hampshire:

  • Step 1 — Name your corporation.
  • Step 2 — File Articles of Incorporation.
  • Step 3 — Appoint a registered agent.
  • Step 4 — Set up a corporate records book.
  • Step 5 — Prepare corporate bylaws.
  • Step 6 — Appoint initial corporate directors.
  • Step 7 — Hold your first Board of Directors meeting.
  • Step 8 — Issue stock.
  • Step 9 — Comply with New Hampshire Annual Report requirements.
  • Step 10 — Comply with other tax and regulatory requirements.
  • Step 11 — Register foreign corporations doing business in New Hampshire.

For help forming your S corporation in New Hampshire we recommend CorpNet (they have fees for their service).

Alternatively, you can visit the New Hampshire Secretary of State website.

Other New Hampshire resources for S Corporation:

Secretary of State Business Name Database: Search for the availability of your corporate name here.
File your “Application for Reservation of Name” here.
File your “Articles of Incorporation” here.
File your “Annual Report” here.

IRS EIN Online: Apply for an Employer Identification Number (EIN) for your corporation here.

IRS S corporations: Specific instructions for your tax requirements as an S corp.
Registered Agent Listing: Search here for registered agents. Every New Hampshire corporation must have an agent for service of process.

Business Licenses: A list of every profession and occupation that requires a license in New Hampshire.

New Hampshire Department of Revenue Administration: Register here to fulfill your business tax requirements.

C Corporation
A C corporation, under United States federal income tax law, refers to any corporation that is taxed separately from its owners. A C corporation is distinguished from an S corporation, which generally is not taxed separately. C corporations are subject to double taxation; that is, one tax at the corporate level on the corporation's net income, and another tax to the shareholders when the profits are distributed.

Steps to starting C Corporation in New Hampshire:

  • Step 1 — Choose a corporate name.
  • Step 2 — Prepare and file Articles of Incorporation.
  • Step 3 — Find a registered agent.
  • Step 4 — Set up a corporate records book.
  • Step 5 — Prepare corporate bylaws.
  • Step 6 — Appoint initial corporate directors.
  • Step 7 — Hold your first Board of Directors meeting.
  • Step 8 — Issue stock.
  • Step 9 — Comply with New Hampshire Annual Report requirements.
  • Step 10 — Comply with other tax and regulatory requirements.
  • Step 11 — Register foreign corporations doing business in New Hampshire.

For help forming your C corporation in New Hampshire we recommend CorpNet (they have fees for their service).

Or, visit the New Hampshire Secretary of State website.

Other New Hampshire resources for C Corporation:

Secretary of State Business Name Database: Search for the availability of your corporate name here.
File your “Application for Reservation of Name” here.
File your “Articles of Incorporation” here.
File your “Annual Report” here.

IRS EIN Online: Apply for an Employer Identification Number (EIN) for your corporation here.
Registered Agent Listing: Search here for registered agents. Every New Hampshire corporation must have an agent for service of process.

Business Licenses: A list of every profession and occupation that requires a license in New Hampshire.

New Hampshire Department of Revenue Administration: Register here to fulfill your corporate tax requirements.

up

Why choose New Hampshire for my business?

up